Copper chart - Trading View
Copper is extending weakness for the 3rd straight session, bias has turned bearish.
The pair was trading 1.04% lower on the day at 2.223 at around 07:10 GMT after closing 2.475 lower in the previous session.
Price action has slipped below 200H MA and technical indicators are turning bearish.
RSI is below 50 mark and biased lower. Stochs are showing a rollover from overbought levels.
Copper is extending retreat after rejection at major trendline resistance at 2.360. Scope for dip till trendline support at 2.162.
The pair is extending trade in a 'Symmetric Triangle' pattern and breakout will determine clear directional bias.
Support levels - 2.186 (23.6% Fib), 2.162 (trendline), 1.970 (Mar 19 low)
Resistance levels - 2.252 (Tenkan Sen), 2.279 (21-EMA), 2.340 (Trendline)


FxWirePro- Woodies Pivot (Major)
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Stock Futures Dip as Investors Await Key Payrolls Data
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity
European Stocks Rally on Chinese Growth and Mining Merger Speculation
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro-24-Hour Crypto Category-Based Performance Dashboard
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
2025 Market Outlook: Key January Events to Watch
US Gas Market Poised for Supercycle: Bernstein Analysts
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 



